Rank One Computing (NASDAQ:ROC) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum began coverage on shares of Rank One Computing (NASDAQ:ROC) in a research note published on Monday, Marketbeat.com reports. The firm issued a buy rating and a $6.50 target price on the stock.

Several other equities research analysts have also weighed in on ROC. Weiss Ratings upgraded shares of Rank One Computing from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. Benchmark restated a “buy” rating on shares of Rank One Computing in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.75.

Rank One Computing Price Performance

ROC stock opened at $4.22 on Monday. The firm has a market cap of $80.52 million and a price-to-earnings ratio of -19.18. Rank One Computing has a 1-year low of $3.71 and a 1-year high of $7.80. The firm has a fifty day moving average price of $4.36 and a two-hundred day moving average price of $5.20.

Rank One Computing (NASDAQ:ROC) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $5.09 million for the quarter.

Rank One Computing News Roundup

Here are the key news stories impacting Rank One Computing this week:

• Positive Sentiment: ROC secured an eight-year, $64.3 million contract with the U.S. Department of Justice to provide digital evidence technology. The award gives the company a long-term government customer and establishes a strategic foothold for its expanded digital evidence platform, including technology related to its ZTC acquisition. The contract’s total value is substantial compared with ROC’s most recently reported quarterly revenue of $5.09 million, although revenue is expected to be recognized over the contract term. ROC Secures $64.3 Million U.S. Department of Justice Contract for Digital Evidence Technology
• Positive Sentiment: Craig-Hallum initiated coverage of Rank One Computing with a Buy rating and a $6.50 price target, implying roughly 54% upside from the referenced $4.22 price. The initiation adds institutional research coverage and supports the bullish reaction to the DOJ award. Craig-Hallum Initiates Rank One Computing at Buy With $6.50 Price Target

Rank One Computing Company Profile

Rank One Computing, Inc develops computer-vision and artificial-intelligence software focused on biometric recognition and identity-related applications. Its technology is designed to help organizations analyze images and video, identify individuals or objects, and automate visual data processing.

The company’s offerings include facial-recognition and image-matching tools, as well as software intended for use in security, law enforcement, government, and commercial settings. Rank One Computing emphasizes configurable solutions that can be deployed in cloud, on-premises, or edge-computing environments, depending on customer requirements.

Publicly available information about Rank One Computing’s corporate history, geographic reach, and leadership is limited.